Lionbridge Technologies (LIOX) Releases Earnings Results, Beats Expectations By $0.05 EPS

Lionbridge Technologies (LIOX) reported quarterly earnings results on Thursday, May-5-2016. The company said it had a profit of $0.09 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.05. Analysts had a consensus of $0.04. The company posted revenue of $136.47 million in the period, compared to analysts expectations of $138.15 million. The company’s revenue was down -.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.14 EPS.

Lionbridge Technologies closed down -0.3 points or -6.09% at $4.63 with 2,32,833 shares getting traded on Wednesday. Post opening the session at $4.87, the shares hit an intraday low of $4.61 and an intraday high of $4.97 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Mar 9, 2016, Paul Kavanagh (director) sold 10,000 shares at $5.01 per share price. According to the SEC, on Mar 4, 2016, Steven R Fisher (director) sold 10,000 shares at $4.89 per share price. On Nov 13, 2015, Paula Shannon (Chief Sales Officer, SVP) sold 117,640 shares at $5.32 per share price, according to the Form-4 filing with the securities and exchange commission.

Lionbridge Technologies Inc. (Lionbridge) is a provider of globalization solutions. The Company provides translation online marketing global content management and application testing solutions that ensure local relevancy global brand consistency and technical usability. The Company operates in three segments: Global Language and Content (GLC) Global Enterprise Solutions (GES) and Interpretation Services. Under GLC solutions it translates localizes and adapts clients’ content and products to meet the language cultural technical and industry-specific requirements of users in local markets throughout the world. Under GES solutions it tests software and online search results to help clients deliver high-quality relevant applications in global markets. It offers telephonic onsite and simultaneous interpretation services in over 360 languages to federal state and local government agencies businesses and healthcare organizations.

Lionbridge Technologies

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